Nordson Co. (NASDAQ:NDSN) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in Nordson Co. (NASDAQ:NDSN) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 972 shares of the industrial products company’s stock after selling 61 shares during the quarter. Farther Finance Advisors LLC’s holdings in Nordson were worth $203,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in Nordson by 26.1% in the 4th quarter. UMB Bank n.a. now owns 251 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Nordson by 73.7% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 115 shares in the last quarter. Brooklyn Investment Group increased its holdings in Nordson by 695.0% in the 4th quarter. Brooklyn Investment Group now owns 318 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 278 shares in the last quarter. Quarry LP acquired a new stake in Nordson in the 3rd quarter valued at $109,000. Finally, Golden State Wealth Management LLC acquired a new stake in Nordson in the 4th quarter valued at $179,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nordson news, EVP Stephen Lovass sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $206.79, for a total value of $268,620.21. Following the sale, the executive vice president now owns 7,347 shares in the company, valued at approximately $1,519,286.13. This trade represents a 15.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Baird R W cut shares of Nordson from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Seaport Res Ptn raised shares of Nordson from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Loop Capital raised shares of Nordson from a “hold” rating to a “buy” rating and upped their price objective for the company from $255.00 to $280.00 in a research report on Wednesday, January 22nd. Robert W. Baird reissued a “neutral” rating and issued a $237.00 price objective (down from $294.00) on shares of Nordson in a research report on Friday, December 13th. Finally, DA Davidson decreased their price objective on shares of Nordson from $295.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $256.20.

Nordson Stock Performance

Shares of NDSN stock opened at $208.57 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.51 and a current ratio of 2.53. Nordson Co. has a one year low of $196.83 and a one year high of $279.38. The company’s 50-day simple moving average is $213.40 and its 200-day simple moving average is $234.38. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.65 and a beta of 0.92.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.02). Nordson had a return on equity of 19.28% and a net margin of 16.93%. The company had revenue of $615.42 million for the quarter, compared to the consensus estimate of $639.40 million. Equities analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current fiscal year.

Nordson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.50%. Nordson’s dividend payout ratio is currently 39.69%.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.